1 An employee works 42 hours ( 42 - 40 wore overtime hours) durng a workweek in Decembet of 2021 . He earns 540.50/hour, with his omployer paying 15 times the regular rate of pay for overtime hours. To date, ho has earned $142,200 duting the year. He has requested that his employer withhold 7% of gross pay, which is to be contributed to a 403(b) plan Taxable income for federal income tax whhholding =5 Taxable income for social security tax =$ Taxatile income for medicare tax =$ 2. An employee works 37 regular hours during a workweek in August of 2021 . He was hired four years ago, earns a salary of $140,200/year, and is exempt trom the overtime provisions of the FLSA To date, he has recewed no compensation beyond his annual saiary He has requested that his employer withhold 8% of gross pay. Which is to be coniributed to a 401(K) plan Taxuble income for federal income tax wahholding =5 Tasable income for social security tax =5 Tarable income for medicare tax =1 3. An employee works 50 hours ( 50 - 40 were overtime hours) during a workweek in December of 2021 . Ho earns $9,500/month, wth his employer paying 15 times the regular rate of pay for overtime hourn. To date, he has earned $114,500 during the year. He has tequested that his employer withhold 1395 of gross pay to contribute to a 403 (b) plan Taxable income for federal income tax withholding = 5 Taxable income for social security tax =5 Taxable income for medicare tax =